Distributed Sun (DSUN) announced $37.5 million of new working capital to spin out and ramp operations of its New Energy Investment Company (NEIC) truCurrent. With 15 years of best practice leadership, business model innovation, and proven consistent asset yield performance, truCurrent provides large fleet and facility operators – the know-how to make and execute better energy choices, mitigate operating and financial risks, and realize best-value, bottom-line rewards from smart energy transitions.
truCurrent essentially balances the goals and needs of customers’ core functions, including fleet and facility operations, finance and treasury, real estate and construction, corporate leadership, sustainability, governance, and transformation, and those of their shareholders.
truCurrent also designs roadmaps that simplify decision-making and drive the implementation of on-time and on-budget deployments to active operating sites. And at the center of the roadmaps is a deep understanding of how new energy asset technologies pose different integration and operational risks, and have different use cases, useful lives, performance profiles, operating requirements and more. To facilitate cost-effective and tax-efficient capital expenditures truCurrent manages the complex patchwork of state, local and federal frameworks across the U.S.
Utilities and their largest customers stand to gain major gains as truCurrent smart microgrids and virtual power controls are deployed with new generation storage and load assets to the distribution grid edge.
In the fourth quarter, truCurrent will announce new strategic capital and F1000 partnerships, and its new executive leadership team members. In recent weeks, the company onboarded chief commercial and transformation officers, chief of staff, and finance, policy, development, delivery, engineering, and product development veterans, with a chief financial officer and more joining later this year. Incubated in 2022 and officially launched in 2024, the business operates as a separate entity – with independent treasury, capital accounts, intellectual property, service offerings, governance, and staff.
KEY QUOTES:
“We build better roadmaps so our partners can navigate smarter roadtrips to their intended energy destinations. The results are carbon and cost savings, energy choice and load flexibility for our customers. We design enterprise-wide when deploying new energy asset infrastructure. Our solutions create, and extract, superior value by delivering the right combination of on- and off-site distributed energy resources to optimize carbon usage, cost and competitive advantages for our clients.”
- Chase Weir, CEO of DSUN and truCurrent
“We engage with utilities early in the process to provide visibility into the needs of their largest customers. We show how our investments help accelerate shared goals – reducing carbon intensity for the customer and the grid, increasing revenues while optimizing energy costs, providing grid services, and investing in the resiliency of their grids, all while allocating capital more efficiently.”
• ⁃ Jeff Weiss, Executive Chairman of DSUN and truCurrent
